Travis Kling: In the Fed Era, There’s No Such Thing as Market Fundamentals

After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and he said there’s “a lot of uncertainty about what’s going to happen next.” Ikigai Chief Investment Officer Shares ‘Some Pretty Bad News’ Another hedge fund has detailed it has lost money from the FTX scandal, according to a Twitter thread published....

Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....

There are legitimate reasons to suspect BitClout. Nevertheless, this article exists because there’s also a case to be made in its favor. This thing is backed by some of the biggest names in the crypto-industry. And the amount of development around it is insane for a nascent project. Remember, BitClout debuted online less than two […]

The venture capitalist predicted blockchain would perform based on its own fundamentals, similar to Amazon and Apple. The economic landscape may seem dire at the moment, but it's unlikely to affect blockchain development, according to Pantera Capital CEO Dan Morehead. In an interview for Real Vision on Thursday, the venture capitalist said that he believes blockchain technology will perform based on its own fundamentals, regardless of the conditions indicated by traditional risk metrics:"Like any disruptive thing, like Apple or Amazon stock, there are short periods of time where it's....

Popular bitcoin wallet provider Blockchain.info revealed via Twitter that Travis Wright, a 16-year-old and bitcoin entrepreneur from Duluth, Minnesota, has been named the grand prize winner of a contest to commemorate its 1 millionth user. Blockchain.info announced the milestone on 7th January via its official blog, just two months after the wallet service passed 500,000 downloads. The service has seen more than 800% growth year-over-year: it had just over 110,000 registered users as of January 2013. The company told CoinDesk it received 13,192 entries to the contest, which was open to....